Yorkton Equity Group Inc. (TSX.V: YEG) announced on October 24, 2025, that it has removed all buyer conditions on a purchase and sale agreement for the acquisition of The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta. The purchase price is $46.0 million, with the closing date expected on January 15, 2026.
The Property, located at 17904, 17908, 17912 and 17916 - 78 Street NW, Edmonton, Alberta, consists of three condominium-quality buildings and a standalone amenity building featuring a fitness centre, social room, and leasing office. Built in 2016, the complex sits on approximately 3.81 acres in the Crystallina Nera East neighborhood. The unit mix includes 51 one-bedroom suites, 97 two-bedroom with one-bathroom suites, and 36 two-bedroom with two-bathroom suites, with an average suite size of 803 square feet and total net rentable space of 147,826 square feet. Amenities include underground parking with 128 stalls, 150 surface stalls, a modern tenant lounge, energy-efficient solar panels, a fully equipped fitness centre, a community garden, and a pet run.
The Company has secured a Canada Mortgage and Housing Corporation (CMHC) insured mortgage of approximately $44.3 million, inclusive of financing costs. A Commitment Letter provides for a 50-year amortization period and an interest rate to be fixed prior to closing, not to exceed 4% per annum. Non-refundable deposits totaling $1,000,000 have been paid. The remaining purchase price will be paid in cash and through the CMHC-insured mortgage. A fee of 0.50% of the committed loan amount will be paid to a licensed mortgage broker upon closing.
Ben Lui, President and CEO of Yorkton, commented, "The acquisition of The Crystallina marks another exciting step forward in Yorkton's growth strategy. Following our recent acquisitions of The Dwell, with 188 units, and The Fuse, with 125 units, The Crystallina further expands our portfolio of premium, condominium-grade rental properties in Edmonton, Alberta, where rental housing demand remains robust, supported by strong economic conditions, continued in-migration, and attractive affordability."
This acquisition aligns with Yorkton's strategy of growing its multi-family rental portfolio in Western Canada, focusing on markets with strong population growth and economic fundamentals. For more information, visit the Company's website at www.yorktonequitygroup.com and the SEDAR+ website at www.sedarplus.ca.
